755 Michigan StGrand Rapids, MI 49503

Property Details for 755 Michigan St

Year built

2013

Lot size

0.38 AC

Property size (Sq ft)

2,885 SF

Zone code

TN-TBA

Property type

Commercial real estate

APN

41-14-19-483-019

APU

411419483019

Description

This exceptional turnkey restaurant and bar opportunity is located in Grand Rapids, Michigan, at 755 Michigan St NE, within the desirable Traditional Business Neighborhood zoning district. The property, encompassing 2,885 square feet on a 0.377-acre lot (APN 41-14-19-483-019), boasts a newly renovated interior (2023) and is ideally situated near the Medical Mile. The sale includes the real estate, all furniture, fixtures, and equipment (FFE), and a valuable liquor license. The establishment offers ample seating for 100 patrons indoors and an additional 95 seats outdoors. On-site parking accommodates 19 vehicles, supplemented by plentiful off-street parking in a nearby lot. This presents a unique chance for an operator to seamlessly continue existing operations or implement a fresh brand concept. The asking price for this fully equipped and licensed business is $1,650,000. The single-story building is ready for immediate occupancy.

• Alternative Use

  Use

  Valuation

  Residential

  $603,126

  Hospitality

  $552,460

  Educational

  $459,641

  Medical

  $475,448

  Retail

  $714,996

Location Insight

City

Grand Rapids

County

Kent

State

Michigan

Latitude

42.9703

Longitude

-85.6501

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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